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Low density suburbia is what makes the Valley appealing? You can get that anywhere in America for a fraction of the price. What distinguishes the Valley is obv
by quatrevingts 14y ago
Low density suburbia is what makes the Valley appealing? You can get that anywhere in America for a fraction of the price. What distinguishes the Valley is obviously its status as a tech hub. And most people may prefer to live in a mansion on the hills, surrounded by other rich people, just like most people would like to live in the Hearst Castle. But back in reality, people are choosing between a 1000 sq.ft. million dollar house in the Valley, and an hour long commute to something more affordable. The people who like the status quo are frequently those who bought a house in the 90's or earlier and saw a 500% return on their 10x leveraged investment, and don't want to see that price drop even a little. But even they complain about traffic.